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Notes Receivable
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Bernard Supply Co. has the following transactions related to notes receivable during the last 2 months of the year. Nov. 1 Loaned $30,000 cash to T. Crew on a 1-year, 8% note. Dec. 11 Sold Goods to M.F. Hoffman, Inc. receiving a $3,600, 90-day, 12% note. Dec. 16 Received an $8,000, 6-month,...
Account receivable
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I have to calculate account receivable ratio for two years SALES REVENUE: 2.686585 ACCOUNT RECEIVABLES : (2004) 291277 (2003) 271766 HAVING IN MIND THAT 60% OF SALES WAS ON CREDIT. I HAD TRY BUT THE RESULT IS NOT CORRECT View more questions Search
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